The Singapore High Court granted a temporary moratorium on Soilbuild REIT taking possession of an asset from NK Ingredients, subject to timely payment of January rent and a security deposit top-up, the bank noted, adding that the REIT’s manager has announced it received the amounts billed.

OCBC said it had expected that the REIT would effectively lose around six months’ worth of rent for the NK asset this fiscal year, but after the announcement, it now only expects around one month of lost income.

“With the greater certainty we now have on the NK Ingredients issue and the divestment of KTL Offshore last month, we are more confident of Soilbuild REIT’s prospects than we were before,” OCBC said in a note dated Thursday.

It raised its fair value to S$0.70 from S$0.68, notinng it was trading at a 2018 yield of 7.9 percent as of Wednesday’s close.

“We do expect the operating environment in the industrial space is expected to remain challenging for much of this year, but even with this in mind, we find Soilbuild REIT’s unit price as of 28 March attractive,” it said.

The unit ended up 0.78 percent at S$0.65 on Thursday. Singapore’s stock market was closed on Friday for a public holiday.